Gartner IT Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 69%+0.6pp | 68.4%+0.2pp | 68.2%+0.2pp | 68%+0.2pp | 67.8%+0.1pp | |
| Operating margin | 16.4%+0.6pp | 15.8%+0.2pp | 15.6%-2.6pp | 18.2%-0.1pp | 18.3%-0.1pp | |
| Net margin | 11.4%+0.2pp | 11.2%-2.5pp | 13.7%-6.0pp | 19.7%-0.1pp | 19.8%-0.2pp | |
| EBITDA margin | 19.4%+0.6pp | 18.9%+0.1pp | 18.8%-2.6pp | 21.4%-0.2pp | 21.6%-0.1pp | |
| Free cash flow margin | 19.4%+1.3pp | 18.1%-0.7pp | 18.8%-4.7pp | 23.5%-0.2pp | 23.8%+1.7pp | |
| Returns | ||||||
| Return on equity | 94.9%+8.0pp | 86.9%-22.4pp | 109.3%-6.9pp | 116.1%+2.9pp | 113.2%-9.7pp | |
| Return on assets | 9.2%+0.4pp | 8.8%-3.0pp | 11.7%-4.3pp | 16.1%+0.6pp | 15.5%+0.2pp | |
| Return on invested capital | 39.2%+3.1pp | 36.1%-11.1pp | 47.2%-3.3pp | 50.5%+2.3pp | 48.2%-0.4pp | |
| Efficiency | ||||||
| Asset turnover | 0.8×0.0× | 0.8×-0.1× | 0.9×0.0× | 0.8×0.0× | 0.8×0.0× | |
| Liquidity | ||||||
| Current ratio | 0.9×-0.1× | 1×+0.1× | 0.9×-0.2× | 1.1×0.0× | 1.1×0.0× | |
| Quick ratio | 0.9×-0.1× | 1×+0.1× | 0.9×-0.2× | 1.1×0.0× | 1.1×0.0× | |
| Cash ratio | 0.4×0.0× | 0.4×0.0× | 0.4×-0.2× | 0.6×+0.1× | 0.6×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 53×+42.5× | 10.5×+5.4× | 5.1×+3.3× | 1.9×-0.1× | 1.9×-0.2× | |
| Debt-to-assets | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.3×0.0× | 0.3×0.0× | |
| Net debt / EBITDA | 1.3×0.0× | 1.3×+0.2× | 1.2×+0.7× | 0.5×-0.1× | 0.6×-0.1× | |
| Interest coverage | 8×-0.2× | 8.2×-0.6× | 8.7×-1.2× | 10×+0.7× | 9.3×+0.4× | |
| Per Share | ||||||
| Book value per share | $0.91-78.6% | $4.23-43.0% | $7.42-62.5% | $19.81+2.9% | $19.26+11.0% | |
| Valuation | ||||||
| Market capitalization | $11.16B-38.7% | $18.18B-8.7% | $19.91B-35.4% | $30.82B-4.4% | $32.24B-13.7% | |
| Enterprise value | $12.85B-35.2% | $19.81B-7.1% | $21.33B-32.3% | $31.48B-4.7% | $33.04B-13.8% | |
| Price / earnings | 15.1×-9.9× | 24.9×+2.5× | 22.5×-1.9× | 24.4×-1.4× | 25.7×-4.1× | |
| Price / sales | 1.7×-1.1× | 2.8×-0.3× | 3.1×-1.7× | 4.8×-0.3× | 5.1×-0.9× | |
| Price / book | 176×+119× | 56.8×+21.1× | 35.8×+15.7× | 20.1×-1.4× | 21.5×-6.0× | |
| EV / EBITDA | 10.2×-6.0× | 16.2×-1.4× | 17.6×-5.4× | 22.9×-1.3× | 24.2×-4.0× | |
| EV / sales | 2×-1.1× | 3×-0.3× | 3.3×-1.6× | 4.9×-0.3× | 5.2×-0.9× | |
| Free cash flow yield | 11.3%+4.8pp | 6.5%+0.4pp | 6.1%+1.2pp | 4.9%+0.2pp | 4.7%+1.0pp | |
| Earnings yield | 6.6%+2.6pp | 4%-0.4pp | 4.4%+0.3pp | 4.1%+0.2pp | 3.9%+0.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Gartner's profit margins?
- Gartner (IT) runs a 69.0% gross margin and a 16.4% operating margin, with a 11.4% net margin.
- Where do Gartner's ratios come from?
- Every ratio is computed from Gartner's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
